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UBS Invests in Icon Solutions to Advance Payment System Development

  • UBS has made an equity investment in UK-based fintech, Icon Solutions, aimed at advancing payment system development.
  • The investment round also includes contributions from existing backers Citi and NatWest.
  • Pieter Brouwer from UBS emphasized the partnership with Icon Solutions to deliver innovative payment solutions efficiently.
  • UBS, along with Citi and NatWest, will contribute to the strategic direction and development of the Icon Payments Framework (IPF).
  • Tom Kelleher, Co-Founder of Icon Solutions, highlighted the increasing adoption of IPF by major financial institutions for innovative payments solutions.
  • IPF is a development framework that allows banks to build, test, and deploy payment processing solutions proficiently while managing project timelines and costs.

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